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Pastimes : Things That Annoy Me

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To: David Lawrence who wrote ()	12/17/1998 12:49:00 PM
From: Wigglesworth	of 4023

People who think analysts are lemmings! The strange tale of Amazon.com took another turn Thursday, as a Merrill Lynch analyst weighed in with a price target that couldn't be more different than the one making the rounds in the market Wednesday. On Wednesday, CIBC Oppenheimer analyst Henry Blodget lifted his long-term price target on the stock to $400 from $150, spurring a rally in the already-euphoric Internet-retail sector. But on Thursday, Merrill's Jonathan Cohen weighed in with an 12- to 18-month price target of just $50 -- and predicted the Internet retailer's losses would mount as it adds new products to its repertoire.

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